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Did the expansion of democratic institutions play a role in determining central government spending behavior in the 19th and 20th centuries? The link between democracy and increased central government spending is well established for the post-Second World War period, but has never been explored during the first “wave of democracy” and its subsequent reversal, that is 1870–1938. The main contribution of this paper is the compilation of a dataset covering 24 countries over this period to begin to address this question. Utilizing various descriptive techniques, including panel data regressions, we explore correlations between central government spending and the institutional characteristics of regimes. We find that the data are consistent with the hypothesis that democracies have a broader need for legitimization than autocracies as various measures of democracy are associated with higher central government spending. Our results indicate that the extension of franchise had a slight positive impact on central government spending levels, as did a few of the other democracy variables. We also find that early liberal democracies spent less and monarchies more than other regimes; debt increases spending; and participation in the Gold Standard reduced government spending substantially.

The United States, it was once felt, could have a different foreign policy when isolated by two oceans in comparison to the later period when modern technology destroyed its isolation. Foreign policy is thus a function of geography modified by technology. The United States, commencing some time after the first third of the 19th century, had a further choice. It could live up to its self-image as a liberal constitutional democracy and follow a foreign policy of live and let live, in both respects serving as a role model for the rest of the world. Or, like the monarchical dynasties of the past and other regimes of more recent times, it could pursue an aggressive foreign policy in pursuit of what it considered its interests, engendering enmity in various quarters. The United States has done both. In the first category it has preferred isolationism, reluctantly joining the two World Wars in defense of its autonomy. In the second category, it increasingly either engaged in the practices of conventional imperialism, often at the behest of entrepreneurial interests, or flexed and deployed its muscle in pursuit of national interests either on its own initiative or in response to threats from and capabilities of other countries. The former is American exceptionalism; the latter is conventional. Of course, the history is much more complex than the foregoing directly allows. Several other stories or models can be developed (the most recent is Mead, 2001).

Probably the criticisms now most frequently heard about the House of Commons revolve around its loss of control over the Government. Debates, it is argued, are largely lifeless, for the matters under discussion have already been thoroughly thrashed out in private party meetings. Furthermore, the Parliamentary timetable and limitation of debate are largely at the mercy of the Government of the day.

ALTHOUGH MOLYBDENUM DISULPHIDE has become well established in industry as a high temperature lubricant and much evidence has been published to show that it can be safely used in motor ear engines the statement is still often made that it decomposes on heating in air to give abrasive or acidic corrosive products which cause excessive wear.

In this paper we investigate the relationship between loose monetary policy, low inflation, and easy bank credit and house price booms.

Using a panel of 11 OECD countries from 1920 to 2011 we estimate a panel VAR in order to identify loose monetary policy shocks, low inflation shocks, bank credit shocks, and house price shocks.

We show that during boom periods there is a heightened impact of all three “policy” shocks with the bank credit shock playing an important role. However, when we look at individual house price boom episodes the cause of the price boom is not so clear. The evidence suggests that the house price boom that occurred in the United States during the 1990s and 2000s was not due to easy bank credit.

Shocks from the shadow banking system are not separately identified. These are incorporated into the fourth “catch-all” shock.

Our evidence on housing price booms that expansionary monetary policy is a significant trigger buttresses the case for central banks following stable monetary policies based on well understood and credible rules.

This paper uses historical evidence to evaluate the relative importance of three main causes of house price booms. Our results bring into question the commonly held view that loose bank credit was to blame for the U.S. house price bubble of the later 1990s.

MOLYBDENUM DISULPHIDE has been developed as a commercial lubricant during the last ten years and since it is a material which is quite different in nature from other bodies used in lubrication, it is not surprising that misconceptions regarding its properties often arise. Criticisms are made at times which have no real justification but, like all false rumours, seem to be taken up with avidity in proportion to their distance from reality.

Since the early days of Cliometrics (the application of economic theory and quantitative methods to the study of economic history) in the 1960s, Jeffrey Williamson has been one of its most active contributors and his output shows no immediate signs of letting up. Furthermore, he has continued throughout to employ the basic cliometric tools of applied economic theory and quantitative analysis. In contrast, Douglass North and Robert Fogel, recognized with the 1993 Nobel Prize in Economics for their contributions in founding the field of cliometrics, have gone subsequently in more interdisciplinary directions. North has increasingly emphasized the importance of institutions and cultural norms while also incorporating perspectives from cognitive science. Fogel has increasingly incorporated biological approaches in his work and indeed by his own admission has left the field of economic history for an interest in health economics and a field he terms bio-demography. Throughout his career, Williamson has had numerous students and collaborators of considerable distinction in their own right. And this festschrift in his honor incorporates the work of several generations of cliometricians and can thus be regarded as providing an overview of developments in cliometrics over the past 40 years as well as the current state of play in the field.

In order to cope with a substantial increase in output and enhance customer services, Mebon Ltd — a leading company in surface coatings technology — has invested approaching £2 million in a 50,000 sq metre warehouse.

This paper aims to develop the tentative hypothesis that common effective dynamics generate asymmetry volatility and unpredictability in the business, military and humanitarian logistics sectors.

The paper examines collaborative supply chain management (CSCM) concepts which integrate practical comparator cases to develop and justify the theoretical framework.

The humanitarian logistics sector can take “best practice” from business and military LSCM developments, but has specific problems of potential instability which require sector‐specific attention.

Humanitarian logistics' “present state” is a zero sum model because of the fragmented nature and number of disparate actors, which generate the logistics system volatility, unpredictability and asymmetry common to unstable operations, and which formed the research rationale for this paper.

The development gap identified can be resolved, and synthesis achieved, with the application of an intelligent system infrastructure.

This paper provides a development framework for a comprehensive set of universal techniques and a commonality in humanitarian logistics and supply chain management.